#EDGE Token Flash Crash and EdgeX Recovery Plan
On June 2, 2026, exploiting a low $1.25M liquidity pool on PancakeSwap, 174 addresses dumped 159,000 #EDGE tokens in a single minute. This triggered high-leverage liquidations, causing a 23% flash crash that dropped the price from $1.12 to $0.32 within an hour.
$EdgeX confirmed zero team involvement and is now boosting liquidity. To resolve the issue, they launched a $200,000 USDC bounty to track the attackers and pledged up to $100,000 USDC per person to compensate affected users.